Get rid of that debt before you retire
Jamie Patrick Hopkins
Debt is becoming a growing problem in retirement. But like nearly everything else in life, it's less of a issue if you have a plan. According to the Consumer Financial Protection Bureau, the percentage of homeowners 65 and older with mortgage debt increased from 22% in 2001 to 30% in 2011. Among those age 75 and older, the rate more than doubled, from 8.4% to 21.2%.
Brooks, Rodney, "Get rid of that debt before you retire" (2015). In the News. 1.